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2014 Surprise for Florida Underwater Mortgages: Mortgage Forgiveness Debt Relief Act Tax Break Has Not Been Extended – Deficiency Will Be Taxed in 2014

This time last year, we discussed how Congress was “kicking the can down the road” by passing federal legislation that extended the 2007 Mortgage Forgiveness Debt Relief Act’s tax break for one year as part of last year’s Fiscal Cliff legislation. (Read the details...

Florida Foreclosure and Florida Bankruptcy: Two Trains On Different Tracks – More to Consider Before Filing Bankruptcy to Halt Florida Foreclosure

Last Update: 02/24/16 Filing bankruptcy as a foreclosure defense strategy here in Florida may or may not be a good idea (see our earlier post). There’s one factor in this decision now that was not there years ago: time. The glut of Florida foreclosure cases on file in...

Foreclosure Help Fraud: 5 Tricks to Spotting Foreclosure Relief Scams When You’re Fighting Against a Florida Foreclosure or Trying to Lower That Home Mortgage Payment

Is it the sunny summer weather here in Florida or the record-breaking number of Florida foreclosures that is so tempting to fraudsters that they come up with so many different and creative ways to con Florida homeowners (homeowners who are trying to deal with their...

Flippers Making Lots of Money in South Florida: Is this Great News for Short Sale Home Owners and Florida Borrowers Fighting Foreclosure?

This week, Moody’s is reporting on investors being concerned about how long it’s taking states with judicial foreclosure procedures (like Florida, New York, and New Jersey) to clear out all those residential foreclosures because the carrying costs of those loans...